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A comment on DeFi bug accidentally gives $90M to users. Parent comment

Re:DeFi bug accidentally gives $90M to users by belltaco on Friday October 01, 2021 @09:13AM (#28718003)
In some ways it's like the early days of banks, where flaws like this were found and fixed. However a lot of those fixes were put in place by governments and regulation with the threats of prison time and fines for both banks and their customers.

Another question is if things like this will poison the well and scare people away permanently.

[ Parent | on HN ]
Re:DeFi bug accidentally gives $90M to users by bduerst on Friday October 01, 2021 @11:08AM (#28719451)
It's almost like an authority is needed to enforce contracts. This decentralization for the sake of being decentralized doesn't solve the problem fully.
[ Parent | on HN ]
Re:DeFi bug accidentally gives $90M to users by cguess on Friday October 01, 2021 @11:12AM (#28719502)
The difference is that the "early days of banking" were the 1200's CE (and arguably way before then). And even then, it took 800 years to really nail it down and finally get away from fiat currency. For some reasons none of this applies to crypto because reasons that definitely aren't a pump-and-dump.
[ Parent | on HN ]